The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-01-26
THE WEEKLY TRADE REVIEW.
= Resume of the Business of the Country
Some of the Special Features.

New York, Jan. ar G. Dun & Co.'S
Weekly Review has the following: South
ern railway consolidation has been the feat
ure of speculative markets the past week.
In other markets the remarkable industrial
growth Of the country receives most atten-
ton. Whether railway consolidation,
which at the North has been the fruitful
mother Of monopolies, viii forward Southern
industrial development is not yet clear; nor
is il a question of interest to operators who
look for large and immediate profits
from the rising prices of stocks, lands,
mines and mills. But il another
wild wave of speculation should sweep over
the South such as ended in disasters follow
ing 1887, 1887 and 1873, the permanent
growth and prosperity of that region might
not be promoted. The swelling tide of in
dustry in legitimate business is recorded in
weekly bank clearings and railway traffic re-
turns. The clearings outside OF New York
are the largest ever known for the seasOn,
though Boston, Providence, Springfield AID
Portland in the North, and Galveston in the
s. nth, fall behind last year. All other cities
report gains The aggregate outside OF New
York increased 10lS per cent. for the week
Railroad earnings thus far for January
show large gains over last year. In Dece1.-
Der ninety eight roads gained Ill per cent,
and for the year eighty-six gain in earnings
9k per cent, against x per cent. in mile
sge. At Indianapolis the past week 20 1913
cars we're moved, gain Of 80 per cent. over
the same week last year. In many branches
the industrial growth is remarkable.
Silk manufactures consumed 4. 754,626
pounds of raw silk.
American paper-rnakers are rejoicing in
large orders for book-psper from British
publishers, the use OF wood pulp here having
given this country an advantage.
Louisiana ground 100000 tons of cane
last year, averaging 100 pounds of sugar 70
the ton, cut some mills already boast of $50
m 1en pouuda nokad qinna
Dun's Glasgow estimate is that the worlds
| production for 1SS6-S7 will be 1868, 900 tons
Of sugar against /. Ala, 651 in 1895; but this
country consumed |, O33. 962 TONS only 20. 900
less than great Britain.
Speculation in produce has abated. Wheat
| sales this week were only 100000 bushels,
/ with decline of nearly 1c. Corn aud oats
rose &c each, oil &c, lard 11bc and pork
/ 25c.
/ BARRON was advanced by the Eastern
[ association to 2 lie, and Pittsburg coke
makers are discussing an advance. Pg-iron
/ and cotton are unchanged. Coffee has de-
/ clined sc, sugar 1-I6c and beef about 10c.
Fair orders come for cotton goods, though
many buyers are here. The export and
domestic demand for browns is good. SO far
domestic woolens have better sales, compared
with last year, than foreign. The attempt to
raise foreign goods in price was met by no
advance NEUTRALITY-SUSPICIOUS.. and worsteds
| are expected to sell at last years prices,
though materials are higher and English
worsted yarns have advanced pence per
! pound. There is some hesitation in opening
| heavy woolens The idea prevails that the
demand for woolens generally may fall be-
low last years because heavy consumers
bought too largely last year.
Money is easy, though foreign exchanges
| gradually rises. The Treasury has taken in
about $500, 600 more than it paid out, but
the receipts of silver at the New York Gus
/ Lorro faf off m nj
/ the whole.
Business failures number d, for the United
States, 276; for Canada. y total, 30l, against
| 323 last week and 200 the week previous